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Growth Equity

Mainsail

Mainsail takes minority stakes in growing companies, usually without full control, from Austin, Texas, USA. It states a focus on software & internet.

Disclosed holdings60
Earliest stated investment
HeadquartersAustin, Texas, USA
Stated cheque size10-75 million USD

Stated investment criteria

What Mainsail says it buys

Read from Mainsail’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

People listed on its team page931

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Mainsail to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How Mainsail is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$4.0bn
Employees81
Private funds advised14 · $4.0bn gross
SEC adviser numberCRD 157775

Portfolio

Disclosed holdings

Companies Mainsail lists on its own website. No investment years are published. 1 has a recorded transaction against it in the deal archive.

CompanyInvestedYears heldRecorded transaction
Anatomic Pathology Services Carmichael, CA Former
Apptega
Aspire
Bio Optronics
Boostlingo
Brilliant Earth
Cash Management Solutions
Centerbase
Chirohd
Commercial Landscaping Software Chesterfield, MO Former
Courtreserve
Esecuritel
Extensiv
Fexa
Fieldflo
Fieldroutes
Flight Schedule Pro
Flyntlok
Forensic Logic
Fullbay
Fusion
Gtreasury
Home Services Software Lehi, UT Current
Inn Flow
Innergy
Inspect Point
Instinct Science
Ips Learning
JobNimbus
Linenmaster
Liv
Ncontracts
Ncourt
Netchemia
Nexus$25m 2016
Nexus Systems
Novus Biologicals
Paylease
Perahealth
Planhub
Playmaker Health
Post-Acute Services Walnut Creek, CA Former
ProShop
Property Management Software Estero, FL Current
Red Oak
ResMan
Security Software Solutions ClearWater, FL Former
Semiconductor Technologies Lowell, MA Former
Server Optimization Software Charlotte, NC Former
ServiceCore
Servicetitan
Skimmer
SmartMoving
Sourcescrub
Steelhead Technologies
Steelwedge Software
Teamfront
The Bar Method
Togos
Zen Planner

Compiled from Mainsail’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other growth equity investors active in software & internet.